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2026-03-31-accounts

Company registration number 59858 (England and Wales)

Charity registration number 208582 (England and Wales)

THE OXFORD HOUSE IN BETHNAL GREEN ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

THE OXFORD HOUSE IN BETHNAL GREEN

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees I Alyas
L Kaur
R Springer
C Simonsen
E Nzaramba
S Castle
J Earl
J A Lee
Company Secretary and Chief Executive J Ryan
Company number 59858
Charity number 208582
Registered office Oxford House
Derbyshire Street
Bethnal Green
London
E2 6HG
Auditor Affinia (Crawley)
Ground Floor
1-7 Station Road
Crawley
West Sussex
RH10 1HT
Accountants Counterculture Partnership LLP
Unit 115 Ducie House
37 Ducie Street
Manchester
M1 2JW
Bankers NatWest
NatWest Bank Plc
Gredley House
1/11 Broadway
Stratford
London
England
E1 1DU
Solicitors Russell-Cooke LLP
8 Bedford Row
London
WC1R 4BX

(Appointed 24 November 2025) (Appointed 19 January 2026)

THE OXFORD HOUSE IN BETHNAL GREEN

CONTENTS

Page
Trustees' report 1 - 12
Statement of trustees' responsibilities 13
Independent auditor's report 14 - 16
Statement of financial activities 17 - 18
Balance sheet 19
Statement of cash flows 20
Notes to the financial statements 21 - 34

THE OXFORD HOUSE IN BETHNAL GREEN

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MARCH 2026

The trustees, who act as directors for the purposes of company law, present their annual report and financial statements for the year ended 31 March 2026.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice- Accounting and Reporting by Charities (SORP (FRS102), second edition issued in January 2019).

The trustees confirm that they complied with the duty in Section 4 of the Charities Act 2011 to have due regard to the Charity's Commission general guidance on public benefit "Charities and Public Benefit". The Trustees' Report clearly sets out the charitable objectives, our current activities and how they benefit the public.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".

Objectives and activities

The Charity's objects as set out in our articles and memorandum of association are:

Originally established in September 1884, Oxford House was the first of the university settlements to open its doors. Students and graduates from Keble College and other Oxford colleges undertook a period of residential volunteering to learn first-hand about the realities of urban poverty. Their aim was to provide solutions through social action. By volunteering and creating social action projects such as youth clubs, a poor man's lawyer service, adult education, labour exchanges and cultural events, these Victorian pioneers set in motion the pillars of later welfare state provision.

Our home is a wonderful Grade II listed building that was built with donations and opened in 1892. We remain at the heart of the community in Bethnal Green. We are no longer a religious organisation. As our community has changed, so have we. Today, we are a thriving independent arts, community and heritage centre located in the heart of a diverse neighbourhood.

Our vision and mission

Our vision is to build a harmonious and creative community in Bethnal Green. Our mission is to provide a community-led, inspiring, diverse and sustainable multipurpose arts space.

We do this by using Oxford House, a Grade II listed arts and neighbourhood centre, as:

THE OXFORD HOUSE IN BETHNAL GREEN

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

Our 2026-29 strategy

“We invite everyone who shares our belief in belonging to play a part: to visit, take part, share ideas and help shape the future of Oxford House.” John Ryan, Oxford House

During 2025/26, trustees and staff developed the next three-year strategy for Oxford House. This strategy provides the framework for the work described in this report and for our future development. It is built around three connected commitments: Community; Our House and Spaces; and Stewardship and Sustainability.

The strategy recognises that Oxford House works best when these three commitments reinforce one another. The building gives people a place to gather. The programme gives people reasons to take part. The trading model and stewardship of the House help keep the charity resilient. Together, they create a simple pathway: people see what is happening, feel welcome, take part, return, contribute ideas and help lead future activity.

This approach is particularly important at a time when many people and community organisations need affordable, welcoming and flexible spaces. Oxford House is not only a venue; it is an anchor in community life that connects people, ideas, culture and heritage, and provides practical support. Our role as a connector - within the building, across Bethnal Green and more widely across Tower Hamlets - is a distinctive part of how we create public benefit.

Our role as a connector

Oxford House brings together people and organisations that might not otherwise meet. Within the House, resident companies, artists, community groups, hirers, visitors and programme participants share a building and increasingly share ideas, contacts and opportunities. Across Bethnal Green, we connect local people with creative activity, heritage, skills and community organisations. Through our role in Love Bethnal Green, we help showcase local events, stories, businesses and opportunities, and strengthen relationships across the neighbourhood.

Across Tower Hamlets, our community and heritage work connects schools, artists, cultural institutions and community organisations, allowing local stories to travel further and new collaborations to form. This connective role is practical: a conversation in the café can lead to a partnership; a resident company can contribute to a heritage project; a participant can return as a performer, volunteer or collaborator; and the same building can host a neighbourhood group and a professional creative company. The combination of place, relationships, programme and enterprise is central to our distinctive role and to the 2026-29 strategy.

Our values

Our values are at the heart of how we work as a community-based arts and cultural organisation that has served a diverse neighbourhood since 1884. Our values are to be:

THE OXFORD HOUSE IN BETHNAL GREEN

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026

Achievement and performance

2025/26 was a year of delivery, consolidation and planning for Oxford House. The organisation continued to recover and grow its earned income, while strengthening its community, arts and heritage role. The year also saw the early delivery of the Made in the East End programme, continued use of the building by a wide range of local, creative and civic partners, growth in the café and the development of our 2026-29 strategy.

Our mixed income model remained central to the charity's resilience. Workspace, venue hire and café income continued to generate the majority of our annual income, while external funding supported the community, arts and heritage activity that makes Oxford House more than a building. This balance is one of our key strengths, but it also makes the continuing need for grant and philanthropic support clear: earned income keeps the House open, while fundraising enables us to keep the offer affordable, inclusive and community led.

Across this mix of activity, our connector role became more visible. Oxford House linked people inside the building with opportunities beyond it, brought resident companies into contact with our public programme, created partnerships between artists and community groups, and used heritage as a way of connecting different generations and communities. Our work in Love Bethnal Green extended this outward-facing role by helping to showcase neighbourhood activity and strengthen the networks that make Bethnal Green and Tower Hamlets more connected.

Our Top Ten Numbers for 2025/6
860 people reached in Somali Week including 2 artist residencies and 6 creative events.
320 participants across 17 Made in the East End events and workshops.
90 young people engaged through 20 poetry workshops in 2 local secondary schools.
13k+ café transactions (& 20k of café sales) made the House an active and welcoming everyday space.
1,793 cups of tea sold at just £1, maintaining our commitment to affordability.
83% of Oxford House income self-generated through trading and earned income.
95% of programme participants said they learnt new or developed skills; 95% also felt inspired.
9.4/10 average likelihood of participants returning to Oxford House.
76% of event respondents said the activities helped them feel more connected to people in the community.
78% of event respondents said the activities helped them feel less isolated.

Our evaluation data strengthens the story behind these numbers. It shows that Oxford House is not only attracting audiences, but helping people learn skills, feel inspired, connect with others and want to return. These are exactly the outcomes that underpin the 2026-29 strategy: welcome, participation, return, contribution and shared leadership.

THE OXFORD HOUSE IN BETHNAL GREEN

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026

A HERITAGE AND CREATIVE PLACE

“I come from a different community, being Jewish, but suddenly felt connected to the Bangladeshi community, who were lovely and made me feel so welcome and connected to my past in the textile industry.” — Material Histories participant

It was a significant year for our arts and heritage programme. ‘Made in the East End’, supported by the National Lottery Heritage Fund, built on previous programmes and helped turn investment in our building, archive and relationships into a wider programme of creative participation and local storytelling. The programme has helped position Oxford House as a confident heritage hub: a place where local people, artists, schools, resident companies and community partners can explore the histories that have shaped the East End and connect those histories to life today.

Made in the East End (2025-2027)

‘Made in the East End’ is a two-year arts and heritage programme. It includes Material Histories, celebrating East End textiles and personal stories; Reframing the East End, a community-curated photography project; Write Where We Stand, bringing internationally renowned poets into two local secondary schools; celebrations of Somali culture during British Somali Week in partnership with Kayd; Speed History, sharing new and lesser-known East End stories; and a regular bi-monthly Open Mic evening.

Building on earlier Heritage Fund investment we placed Oxford House's digitised archive, resident communities and local partnerships at the centre of our public programming. It has helped us test new ways to collect evidence, support local artists and create a clearer pathway from participation to confidence, creativity and leadership.

What we achieved

Evaluation and early impact evidence

Key lessons from the year

THE OXFORD HOUSE IN BETHNAL GREEN

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

During the year we improved how we collect and use evaluation evidence. Feedback was gathered through tailored paper forms, QR code surveys and a simpler ‘Head, Heart, Wand and Bag’ model for family and community workshops. The Arts and Heritage team also worked with our evaluators on adopting the ‘Most Significant Change’ (MSC model), helping us capture both numbers and stories of change.

Our event feedback tracker currently includes 71 meaningful feedback entries from Made in the East End workshops, public events and school activity. This is still early evidence, but it is already useful.

Among public event respondents who gave ratings:

Respondents scored 9.4 out of 10 when asked how likely they were to return to Oxford House.

The wellbeing and connection evidence is also encouraging:

It is encouraging to see this impact and where Oxford House is making a difference, and where we need to keep improving. We will continue to strengthen evaluation during 2026/27, with a particular focus on young adults aged 18-25, repeat participation, and clearer evidence of how people move from attending activity to contributing ideas, volunteering, performing, creating or helping lead future activity.

What participants told us

“It helps me de-stress and I would love to have these sessions again.” — Material Histories participant

“The images are all different but intertwined together, just like us. It represents our society and the reality of our lives.” — ‘Strongest in the Mended Places’ banner group / Material Histories

“It opened up some quite big conversations and some really important discussions between a lot of different people.” — Event Participant

“Thank you for the brilliant session. Both the kids and I enjoyed ourselves and learnt a new skill. Great fun for the whole family.” — Family weaving workshop participants

Heritage and partnerships

This year's programme connected returning partners such as Kayd, Oaklands School and Mulberry Academy Shoreditch with new partners including Kazzum, Praxis, Lawdale Junior School and Whitechapel Gallery. These relationships brought together schools, artists, resident organisations, community groups and cultural institutions across Bethnal Green and Tower Hamlets.

Partnership is at the core of how we work, but our role is often more than that of a delivery partner: we act as a connector between people, organisations, histories and opportunities. This breadth matters because our 2026-29 strategy is rooted in connection and progression - opening doors, building confidence and creating routes for people to move from audience member to participant, collaborator, volunteer or leader.

THE OXFORD HOUSE IN BETHNAL GREEN

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

Café Gallery and exhibitions

The café and gallery spaces continued to give Oxford House a visible and accessible cultural presence. Exhibitions were not treated as separate from community life; they sat alongside the everyday life of the café, workspace and building, allowing people to encounter art, archive and photography as part of their daily visit.

Highlights included the Kayd residency exhibition, Oxford House Curates!, Kazzum Pathways Art Show’ activity and ‘24 Hours in Bethnal Green’ with Falmouth University. Oxford House Curates! was particularly valuable because it supported staff and trustees to work with archival material and strengthened knowledge of the organisation's history whilst building pride in the House.

Pathways Art Show

Over the course of 2025, young migrant artists from community groups across London took part in arts workshops with Kazzum Arts. The artists, from Brighter Futures, ECPAT, Shpresa, CARAS, The Create Group, and Young Roots explored themes of power, dreams, cities, nature, light and dark, freedom, hope, connection, games, and play.

This work was brought together in an exhibition in our main gallery, with over 1000 visitors.

Open Mic and regular events

Our bi-monthly Open Mic events gave 24 new performers an accessible platform to test work, build confidence and share their creativity. These events support the strategic aim of making Oxford House a place where local people can not only attend activity but also contribute to it and shape it. Regular cultural and social events, including relaxed live music and community activity in the café, continued to support the building's role as a warm, informal and welcoming place to meet.

Community Creative Arts Programme

Our weekly community programme remains a core part of Oxford House's public benefit. It is delivered with a range of community partners and reaches people from early childhood to older age. Classes and activities take place across the theatre, dance studio, chapel, café and other spaces, helping the building stay active throughout the week and providing regular, trusted routes into participation and social connection.

Regular partners included Grace & Poise Academy, Green Candle Dance, Community Indian Dance, Sing and Sign, Sketch Appeal, Thai Boxing Fighters Academy, Lisa Gilbert Academy, Young & Talented and U3A Tower Hamlets.

U3A is a particularly important partner in providing activities and social connection for older people, complementing Green Candle Dance's work and helping us ensure that older residents have regular opportunities to learn, move, meet others and take part in the life of the House. Together, these partners help Oxford House connect people of different ages and backgrounds to affordable, regular and trusted activity.

A COMMERCIAL SPACE

“Having Oxford House as a reliable venue enabled us to bring people together in the spirit of Ramadan to share food, build meaningful connections and strengthen a sense of belonging.” — Hidayah LGBTQI+

Our trading activity is not separate from our charitable purpose. It helps us in our stewardship of a large, listed building, where we provide affordable workspace, subsidise public access, support community programming and offer a place where people and organisations can meet, work, rehearse, learn and organise. It’s quite a mix, yet it is at the heart of why we exist.

Earned income remains a vital source of fundraising and is essential to the success of the charity. Income is derived from venue hires, office rental and the café, as well as some programme ticket sales, tours, events and festivals. Approximately 75% of Oxford House's income is generated from these sources.

THE OXFORD HOUSE IN BETHNAL GREEN

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

Affordable workspace

Oxford House continued to provide affordable workspace through its 31 office spaces. These offices are home to charities, social businesses, artists, campaign organisations and creative organisations. The workspace offer supports the wider ecology of community and civic life in Bethnal Green by giving organisations a stable base in a building with shared values and strong local connections.

Resident companies are not simply tenants. They are part of the wider Oxford House community and an important part of our connector role: sharing knowledge and networks, taking part in heritage and community activity, using the café and shared spaces, and creating opportunities for collaboration between organisations working on different issues across Tower Hamlets and beyond.

By the numbers

Venue hire

Venue hire continued to demonstrate the flexibility and appeal of Oxford House. The building supported professional theatre rehearsals, civic events, community gatherings, campaign meetings, school and youth activity, food and culture panels, training, worship-related gatherings and local celebrations.

Notable uses included rehearsals and creative activity connected to Empire Street Productions, Donmar Warehouse, Aria Entertainment, Wessex Grove and other theatre and performance partners. The building also hosted Autonomy Institute's ‘Forum 2029’ launch, Debt Justice's activist gathering, Grand Union's ‘Sounds from our Beautiful Island’, Vittles' first food panel, Hidayah LGBT Iftar gatherings, ‘Save Our Safer Streets' community celebration, and events connected to Black Lesbian and Asian Lesbian histories with roots in Oxford House's archive.

Hidayah LGBTQI+ described Oxford House as a rare, welcoming and relaxed space that helped bring people together for Ramadan and Eid in a safe and affirming environment. Their feedback reinforces the importance of Oxford House as a trusted civic space for communities who may not always feel safe or visible elsewhere.

New and returning community hires included Yoga, Move, Dance; U3A Yoga; Mindful Pause; Jargon London; and the National Education Union. Alongside individual hires, our longer-term relationship with U3A Tower Hamlets helps provide an important strand of activity for older people. This mix of professional, civic and community use shows Oxford House acting both as a venue and as connective neighbourhood infrastructure.

By the Numbers

THE OXFORD HOUSE IN BETHNAL GREEN

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

Café

“There isn’t a room in the whole of London that’s like the OH Café.” — Alex, Kazzum Arts

The Oxford House café continued to play an important role as an affordable and welcoming social space within the building. During 2025/26, the café recorded over 13,000 counter transactions and sold more than 20,000 café items, supporting public visitors, tenants, hirers, artists, programme participants and local residents.

Affordability remained central to the café offer. The café sold 1,893 cups of low-cost tea, including 1,793 at £1 per serving, alongside 336 low-cost teacakes and a wider range of accessible snacks and drinks. In total, nearly 4,800 selected low-cost items were sold during the year.

The community fridge continued to support people experiencing food scarcity and the cost-of-living crisis within the Oxford House community. The café received roughly 40 donation drops from the local foodbank during the year.

The café contributed to Oxford House's earned income, with total sales recorded in the item report of £91,173 including VAT, equivalent to £81,127 net sales. This included core café counter sales and café-related invoiced sales. Beyond income, the café continues to support Oxford House's wider charitable purpose by helping the building be a vibrant, welcoming and friendly place.

Customer feedback remains positive, with resident companies incorporating group staff lunches into their working week and daily specials attracting regular customers. Demand for homemade soup regularly exceeds the quantity the café is able to make with current equipment! We are exploring investment in the kitchen that will support sales growth next year.

BECOMING MORE SUSTAINABLE

Owning and managing a Grade II listed building means the charity has an obligation to manage this resource effectively and sustainably. We recognised this challenge in the major refurbishment completed in 2019. A new heating system, installation of LED lighting and improved roof insulation reduced the building's carbon footprint and improved the experience of visitors, staff, tenants and hirers.

We have continued to seek investment to reduce energy use and environmental impact. Funding from the London Borough of Tower Hamlets Carbon Reduction programme, Greening the House, enabled Oxford House to install further LED lighting in areas of the building not covered by the 2019 refurbishment. We continue to seek funding to complete the final areas of the building, including the theatre and lower gallery and toilets.

Sustainability is also becoming part of our everyday practice. Previous carbon awareness training for trustees and staff led to an environment policy and action plan, and our ‘Green Club’ brings together staff and resident companies to monitor progress. Changes to refuse management mean that around half of weekly refuse is now recycled, compared with a previous position where all refuse went to landfill. Oxford House also sources electricity from renewable sources and maintains connections with relevant heritage and arts sustainability networks.

The 2026-29 strategy places ‘Stewardship and Sustainability’ as a core them alongside ‘Community’ and ‘Our House and Spaces’. We recognise that the environmental challenge is also a social and financial challenge: a large historic building must be cared for in ways that reduce running costs, support affordable access and keep the House usable for future generations.

The next stage is to embed consistent monitoring and practical behaviour change across the organisation. We will continue to explore tools such as Julie's Bicycle Creative Climate tools and the Green Book for Sustainable Operations, and we will prioritise practical capital improvements that reduce energy use while respecting the listed status of the building.

As climate change brings hotter summers, more intense rainfall and greater pressure on energy use, Oxford House is working to make our Grade II listed building more resilient while protecting its historic character. With support from external grant funding through our Greening the House work, we are improving energy efficiency, reducing carbon emissions and exploring practical measures to manage overheating, ventilation and future climate risks.

Adapting a busy historic building is complex, but this investment is essential to keep Oxford House safe, comfortable, affordable to run and welcoming for the communities who use it every day.

THE OXFORD HOUSE IN BETHNAL GREEN

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

Financial review

Overview

Oxford House generated income for the year to 31 March 2026 of £622,077 (2025: £636,852), of which £102,190 was restricted income (2025: £95,886). Expenditure was £609,656 (2025: £575,575) in the year to 31 March 2026, of which £102,190 was expenditure against restricted funds (2025: £95,886). Overall, the incoming resources for the year ended 31 March 2025 amounted to £12,421 (2025: Incoming resources £61,277).

At the 31 March 2026 the balance sheet was in a net current liability position of £15,377. The total funds of the charity were £3,377,469 (2025: £3,365,048) but this value continues to be tied up in the fixed assets of the charity.

Going concern

At the year end, the Charity had net current liabilities of £15,377. The Trustees have reviewed forecasts and expected future funding and are satisfied that the Charity will be able to meet its obligations as they fall due for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.

The Trustees continue to monitor the Charity's financial performance and liquidity closely and are taking appropriate steps to maintain financial sustainability.

Reserves Policy

The trustees made no change to their previously reported reserves policy, which is:

Unrestricted general funds at the 31 March 2026 were £47,824. The aim is to achieve a free cash reserves position of 3 months turnover – based on turnover to 31 March 2026 the target figure is £155,519. Trustees are working to a 3-year financial plan which includes a gradual rebuild of reserves. The operating result in the reported year was a very positive start.

The trustees are currently reviewing the reserves policy to ensure it remains appropriate to the organisation's activities, financial position and future funding requirements.

Risk management

Trustees continue to work very closely with the Chief Executive to manage the complexity of risk in the post-pandemic recovery phase. The finance subcommittee meet monthly to review financial performance and general risks.

As the impact of the post pandemic period eased, we continued with full loan repayments of capital and interest on the loan with LB Tower Hamlets (£730,000 repayable over 15 years). The loan finance was critical to completion of the major building refurbishment in 2018-19.

Throughout the year the finance subcommittee met monthly with the CEO and accountant to review financial risks. This included management of major expenditure items, fluctuations in income and projected cash flow. The subcommittee uses a framework to ensure adequate risk management which includes regular monitoring of major risks, embedded risk identification and assessment within operating procedures, clear structure of delegated authority and control; and maintaining reserves in line with set policies.

In assessing risk, the trustees recognise that some areas of work require the acceptance and management of risk if key objectives are to be achieved. The trustees have reviewed the major risks to which the charitable company is exposed and identified control and mitigation procedures, under the headings of governance; operational; financial; environmental; heritage project; and compliance. These are reviewed regularly by trustees. Working with our insurance brokers and IT suppliers we have invested in additional cyber security.

THE OXFORD HOUSE IN BETHNAL GREEN

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

Governance and leadership

Trustees continued to work closely with the Chief Executive and senior team to oversee performance, risk and the development of the new strategy. The Board identified three significant governance challenges during the year:

These challenges shaped the Board's work during the year and will remain central to governance in 2026/27. Trustees have sought to respond through regular financial scrutiny, continued review of risk, clearer strategic priorities, stronger evaluation and an active approach to Board development and recruitment.

THE OXFORD HOUSE IN BETHNAL GREEN

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026

Oxford House Trustees

Jane Earl (Chair) Jeremy Lee Ibrar Alyas Linda Kaur Ruth Springer Caroline Simonsen Ery Nzaramba Sarah Castle Michael Judge (Resigned 24/11/2025) Robert Robinson (Resigned 24/11/2025) Martin Reyes (Resigned 03/02/2026)

Oxford House Staff

John Ryan, Anisa Howell, Anisa Khanom, Enus Ali, Annie Gao, Evelyn Maison, Kwame Owusu, Ruby Holder, Emily Hughes (temporary Archivist during summer 2025), Lisa Nash, Phoebe Shaw

Freelancers

Amanda Hall (Counterculture) and Louise Wilkinson

Funders

National Lottery Heritage Fund - 'Through the Lens' and ‘Made in the East End’ London Borough of Tower Hamlets Garfield Weston

Community Partners

Green Candle Dance Company Mindful Pause

Young & Talented School of Stage and Screen Priyanka Chauhan Indian Dance Lisa Gilbert Academy of Ballet Yoga Move Dance Grace & Poise Academy Sing & Sign Thai Boxing Fighter’s Academy U3A Tower Hamlets Sketch Appeal

Resident Companies

Debt Justice Sound and Music Univity Limited Involve Foundation Forest Ventures Ltd New Economy Organisers Network SKAPED Platform Guglielmo D'Anna Now Press Play Limited Coffee Afrik CIC Language of Dance THYL Green Net Limited Positive Care Link Kayd Somali Arts Kazzum Rehan Jamil Forest Ventures Ltd Centre for Women’s Justice Roots of Empathy NEU Tower Hamlets and the City District Maslaha Perpetual Procurement Solutions CIC

CSR Partners M3 Consulting

THE OXFORD HOUSE IN BETHNAL GREEN

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

Auditor

In accordance with the company's articles, a resolution proposing that Affinia (Crawley) be reappointed as auditor of the company will be put at a General Meeting.

Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

Thank you

The trustees record their particular thanks to Michael Judge for his exceptional service to Oxford House over many years. Michael joined the Board in 2012 and served as Chair from 2016, providing continuity, calm judgement and deep commitment through a period that included the major refurbishment of the House, the pandemic and the organisation's subsequent recovery and renewal.

His contribution as both Chair and trustee has been substantial, and the Board, staff and wider Oxford House community are deeply grateful for the time, care and leadership he has given to the charity.

The trustees also thank Robert Robinson and Martin Reyes, who both stood down from the Board during the year, for the time, experience and commitment they contributed to Oxford House. Their service and support for the charity have been greatly appreciated by fellow trustees and staff.

The trustees' report was approved by the Board of Trustees.

.............................. J Earl

Trustee

7 August 2026

Date: .............................................

THE OXFORD HOUSE IN BETHNAL GREEN

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2026

The trustees, who are also the directors of the Oxford House in Bethnal Green for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with the applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

THE OXFORD HOUSE IN BETHNAL GREEN

INDEPENDENT AUDITOR'S REPORT

TO THE TRUSTEES OF THE OXFORD HOUSE IN BETHNAL GREEN

Opinion

We have audited the financial statements of The Oxford House in Bethnal Green (the ‘charity’) for the year ended 31 March 2026 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

THE OXFORD HOUSE IN BETHNAL GREEN

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE OXFORD HOUSE IN BETHNAL GREEN

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

We have made enquiries of management, and trustees, regarding the procedures relating to identifying, evaluating and complying with:

  1. laws and regulations and whether they were aware of any instances of non-compliance;

  2. detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;

  3. the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations.

We obtained an understanding of the legal and regulatory framework that the Charitable Company operates in, focusing on those laws and regulations that had a direct effect on the financial statements or that had a fundamental effect on the operations of the Charitable Company. The key laws and regulations we considered in this context included the UK Companies Act, Charities Act, data protection regulations, health and safety and employment legislation.

THE OXFORD HOUSE IN BETHNAL GREEN

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF THE OXFORD HOUSE IN BETHNAL GREEN

Discussion was had with management and the trustees and amongst the engagement team to gain an understanding of the entities current activities, authorisation procedures and effectiveness of the control environment. Our understanding was tested during the audit work and the systems and controls in place were found to be operating effectively.

The engagement partner has reviewed the team selected to undertake the engagement and ensure that they have sufficient competence and are capable of identifying and recognising non-compliance with laws and regulations. No non-compliance was identified.

Discussion among the engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. As part of this discussion, we identified potential for fraud in the following areas:

Risks identified Audit response
Misappropriation of cash This was highlighted as an area of high risk for fraud and not being recorded in the
accounts. Audit procedures performed included but were not limited to substantive and
analytical testing of income recording systems.
Management override of We reviewed management accounts and journals to discover any evidence of
controls management override.
Revenue recognition This was tested substantively for all types of income, we also performed analytical testing
over the balance.
Estimated residual life of We reviewed the building for signs of impairment and recent valuation information to
building confirm the land and buildings were included within the accounts accurately.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Affinia Limited

Affinia Limited
Affinia Limited (Crawley) 12 August 2026
Chartered Accountants
Statutory Auditor Ground Floor
1 - 7 Station Road
Crawley
West Sussex
RH10 1HT

Affinia (Crawley) is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

THE OXFORD HOUSE IN BETHNAL GREEN

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2026

Current financial year
Unrestricted
Unrestricted
funds
funds
general
designated
2026
2026
Notes
£
£
Income from
Donations and grants
3
5,182
-
Other trading activities
4
62,846
-
Provision of community facilities
5
451,859
-
Total income
519,887
-
Expenditure on:
Raising funds/ trading activities
6
67,735
-
Charitable activities
Provision of community facilities and
services
7
439,731
-
Through the Lens
7
-
-
Made in the East End
7
-
-
Fordham Supervision
7
-
-
Total charitable expenditure
439,731
-
Total resources expended
507,466
-
Net incoming resources before transfers
12,421
-
Gross transfers between funds
(42,017)
42,017
Net (expenditure)/income for the year/
Net movement in funds
(29,596)
42,017
Fund balances at 1 April 2025
75,042
3,290,006
Fund balances at 31 March 2026
45,446
3,332,023		 Restricted
funds
2026
£
102,190
-
-
102,190
-
-
-
100,590
1,600
102,190
102,190
-
-
-
-
-		 Total
2026
£
107,372
62,846
451,859
622,077
67,735
439,731
-
100,590
1,600
541,921
609,656
12,421
-
12,421
3,365,048
3,377,469		 Total
2025
£
110,958
57,922
467,972
636,852
65,038
429,651
78,018
2,868
-
510,537
575,575
61,277
-
61,277
3,303,771
3,365,048

THE OXFORD HOUSE IN BETHNAL GREEN

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2026

Prior financial year

Unrestricted
Unrestricted
funds
funds
general
designated
2025
2025
Notes
£
£
Income from
Donations and grants
3
15,072
-
Other trading activities
4
57,922
-
Provision of community facilities
5
467,972
-
Total income
540,966
-
Expenditure on:
Raising funds
6
65,038
-
Charitable activities
Provision of community facilities and services
7
414,651
-
Through the Lens
7
-
-
Charitable expenditure
7
-
-
Total charitable expenditure
414,651
-
Total resources expended
479,689
-
Net incoming resources before transfers
61,277
-
Gross transfers between funds
(38,087)
38,087
Net (expenditure)/income for the year/
Net movement in funds
23,190
38,087
Fund balances at 1 April 2024
51,852
3,251,919
Fund balances at 31 March 2025
75,042
3,290,006		 Restricted
funds
2025
£
95,886
-
-
95,886
-
15,000
78,018
2,868
95,886
95,886
-
-
-
-
-		 Total
2025
£
110,958
57,922
467,972
636,852
65,038
429,651
78,018
2,868
510,537
575,575
61,277
-
61,277
3,303,771
3,365,048

THE OXFORD HOUSE IN BETHNAL GREEN

BALANCE SHEET

AS AT 31 MARCH 2026

Notes
Fixed assets
Tangible assets
13
Current assets
Stocks
14
Debtors
15
Cash at bank and in hand
Creditors: amounts falling due within one year
16
Net current (liabilities)/assets
Total assets less current liabilities
Creditors: amounts falling due after more than
one year
17
Net assets
The funds of the charity
Unrestricted funds - general
Unrestricted funds - Designated
21		 2026
£
1,905
52,679
135,686
190,270
(205,647)		 £
3,983,259
(15,377)
3,967,882
(590,413)
3,377,469
45,446
3,332,023
3,377,469		 2025
£
1,772
55,388
240,069
297,229
(290,046)		 £
3,992,083
7,183
3,999,266
(634,218)
3,365,048
75,042
3,290,006
3,365,048

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2026, although an audit has been carried out under section 144 of the Charities Act 2011.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 2006, for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

7 August 2026

The financial statements were approved by the trustees on .........................

..............................

J Earl Trustee

THE OXFORD HOUSE IN BETHNAL GREEN

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2026

Notes
Cash flows from operating activities
Cash absorbed by operations
26
Investing activities
Purchase of tangible fixed assets
Investment income received
Net cash generated from investing activities
Financing activities
Repayment of borrowings
Net cash used in financing activities
Net (decrease)/increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2026
£
£
(514,133)
(2,470)
451,859
449,389
(39,639)
(39,639)
(104,383)
240,069
135,686		 2025
£
£
(283,663)
-
467,972
467,972
(37,995)
(37,995)
146,314
93,755
240,069

THE OXFORD HOUSE IN BETHNAL GREEN

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1 Accounting policies

Charity information

The Oxford House in Bethnal Green is a charitable company incorporated in England and Wales. The registered office is Oxford House, Derbyshire Street, Bethnal Green, London, E2 6HG.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's memorandum and articles of association, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

All income is included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

THE OXFORD HOUSE IN BETHNAL GREEN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026

1 Accounting policies

(Continued)

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Other trading income represents café income and is recognised as received.

Rental income relates to hire of rooms and leasing of offices and is recognised in the period to which the rental relates.

1.5 Expenditure

All expenditure is included on an accruals basis and is recognised when there is a legal or constructive obligation to pay for its expenditure. All costs have been directly attributed or proportionally charged to the functional categories of expenditure in the SOFA. Repairs and maintenance to premises are charged to current expenditure as incurred.

Expenditure on charitable activities comprises the non-capital costs of delivering the heritage project and the costs of the provision of community facilities and services. These costs are classified as direct charitable expenses.

Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. The costs include those related to statutory audit, legal fees and costs of trustees' meetings.

All remaining costs are classified as support costs. Support costs are those that assist the work of the charity but do not directly represent charitable activities and include building, office and admin costs and supporting marketing costs. These costs have been allocated to the expenditure headings on a consistent basis.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold buildings over 50 years on straight line basis Fixtures, Fittings & Equipment 20% per annum on net book value at start of year Cafe Fixtures & fittings over 10 years on straight line basis

Freehold land and assets in the course of construction are not depreciated.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

Assets costing in excess of £1,000 are recognised.

In 2023 Trustees assessed that the estimated residual value of the building was in excess of cost and that as the property had been depreciated down to its estimated residual value no further depreciation is required.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

THE OXFORD HOUSE IN BETHNAL GREEN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

1 Accounting policies

(Continued)

1.8 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11 Taxation

As a registered charity, the company is exempt from corporation tax on surpluses arising from its charitable activities during the year.

THE OXFORD HOUSE IN BETHNAL GREEN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026

1 Accounting policies

(Continued)

1.12 Employee benefits

The cost of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The principal area of estimation uncertainty relates to the determination of the appropriate useful lives of the tangible fixed assets and the depreciation charges arising therefrom. These are as set out in the policy stated above.

3 Income from donations and grants

Unrestricted
Restricted
funds
funds
2026
2026
£
£
Donations and gifts
5,182
102,190
Donations and gifts
National Lottery Heritage
Fund
-
100,590
L B Tower Hamlets
-
-
Fordham Supervision
-
1,600
Other Donations
5,182
-
Other
-
-
5,182
102,190		 Total
Unrestricted
Restricted
funds
funds
2026
2025
2025
£
£
£
107,372
15,072
95,886
100,590
-
80,886
-
-
15,000
1,600
-
-
5,182
3,425
-
-
11,647
-
107,372
15,072
95,886		 Total
2025
£
110,958
80,886
15,000
-
3,425
11,647
110,958

THE OXFORD HOUSE IN BETHNAL GREEN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

4 Other trading activities

Unrestricted Unrestricted
funds funds
general general
2026 2025
£ £
Cafe takings 61,649 55,683
Community programme 1,197 2,239
Other trading activities 62,846 57,922
Provision of community facilities
Unrestricted Unrestricted
funds funds
2026 2025
£ £
Rental income 451,859 467,972
Expenditure on raising funds and trading activities
Unrestricted Unrestricted
funds funds
2026 2025
£ £
Trading costs
Fundraising advisory costs 899 899
Cafe costs 32,607 29,944
Staff costs 34,229 34,195
67,735 65,038

5 Provision of community facilities

6 Expenditure on raising funds and trading activities

THE OXFORD HOUSE IN BETHNAL GREEN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

7 Expenditure on charitable activities

Provision of
community
facilities and
services
Made in the
East End
Fordham
Supervision
2026
2026
2026
£
£
£
Direct costs
Staff costs
151,323
54,429
1,600
Depreciation and impairment
11,294
-
-
Direct Costs
197,270
46,161
-
359,887
100,590
1,600
Share of support and governance costs (see note 8)
Support
59,233
-
-
Governance
20,611
-
-
439,731
100,590
1,600
Analysis by fund
Unrestricted funds - general
439,731
-
-
Restricted funds
-
100,590
1,600
439,731
100,590
1,600		 Total
Provision of
community
facilities and
services
Through the
lens
Made in the
East End
2026
2025
2025
2025
£
£
£
£
207,352
144,687
26,292
2,118
11,294
12,059
-
-
243,431
197,670
51,726
750
462,077
354,416
78,018
2,868
59,233
62,623
-
-
20,611
12,612
-
-
541,921
429,651
78,018
2,868
439,731
414,651
-
-
102,190
15,000
78,018
2,868
541,921
429,651
78,018
2,868		 Total
2025
£
173,097
12,059
250,146
435,302
62,623
12,612
510,537
414,651
95,886
510,537

THE OXFORD HOUSE IN BETHNAL GREEN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

8 Support costs allocated to activities

8
Support costs allocated to activities
Staff costs
Building & facilities
Professional fees
Admin & finance costs
HR Costs
Travel & Subsistence
Subscriptions
Governance costs
Analysed between:
Provision of community facilities and services
Governance costs comprise:
Audit fees
Other
9
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements
Depreciation of owned tangible fixed assets		 2026
£
29,595
12,759
2,229
11,592
1,251
517
1,290
20,611
79,844
79,844
2026
£
9,965
10,646
20,611
2026
£
9,965
11,294		 2025
£
33,221
13,809
1,904
11,355
1,004
126
1,204
12,612
75,235
75,235
2025
£
9,805
2,807
12,612
2025
£
9,805
12,059

10 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year (2025: None).

11 Employees

The average monthly number of employees during the year was:

2026 2025
Number Number
11 11

THE OXFORD HOUSE IN BETHNAL GREEN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

11
Employees
Employment costs
Wages and salaries
Social security costs
Other pension costs
The number of employees whose annual remuneration was more than £60,000 is as
follows:
£60,001 to £70,000
Remuneration of key management personnel
The remuneration of key management personnel was as follows:
Aggregate compensation		 (Continued)
2026
2025
£
£
245,555
218,368
22,125
19,361
3,496
2,784
271,176
240,513
2026
2025
Number
Number
1
1
2026
2025
£
£
140,150
119,950		 (Continued)
2026
2025
£
£
245,555
218,368
22,125
19,361
3,496
2,784
271,176
240,513
2026
2025
Number
Number
1
1
2026
2025
£
£
140,150
119,950
240,513
2025
Number
1
2025
£
119,950

The key management personnel included the Chief Executive, Operations Manager, Café Manager and Arts & Heritage Producer.

12 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

THE OXFORD HOUSE IN BETHNAL GREEN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

13 Tangible fixed assets

Cost
At 1 April 2025
Additions
At 31 March 2026
Depreciation and impairment
At 1 April 2025
Depreciation charged in the year
At 31 March 2026
Carrying amount
At 31 March 2026
At 31 March 2025		 Freehold
buildings
Cafe Fixtures
& fittings
£
£
4,901,896
292,646
2,470
-
4,904,366
292,646
961,481
240,978
-
11,294
961,481
252,272
3,942,885
40,374
3,940,415
76,741		 Total
£
5,194,542
2,470
5,197,012
1,202,459
11,294
1,213,753
3,983,259
3,992,083

Freehold property is included in the accounts at a historic valuation from 1978 which is treated as a deemed cost. In the opinion of the Trustees the property now has a value considerably more than this.

14 Stocks

14
Stocks
Café purchase for resale
15
Debtors
Trade debtors
Other debtors
Prepayments and accrued income		 2026
£
1,905
2026
£
27,494
217
24,968
52,679		 2025
£
1,772
2025
£
29,798
420
25,170
55,388

THE OXFORD HOUSE IN BETHNAL GREEN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

16 Creditors: amounts falling due within one year

Borrowings
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income		 2026
£
41,104
14,139
40,939
2,672
106,793
205,647		 2025
£
39,538
13,705
34,419
1,715
200,669
290,046

17 Creditors: amounts falling due after more than one year

Other loans
Trade creditors
Loans and overdrafts
Other loans
Payable within one year
Payable after one year		 2026
£
569,758
20,655
590,413
2026
£
610,862
41,104
569,758		 2025
£
610,963
23,255
634,218
2025
£
650,501
39,538
610,963

18 Loans and overdrafts

The Loan from the London Borough of Tower Hamlets is secured on the property and was drawn on the basis that monthly repayments would be made from May 2019 to April 2034. Full loan repayments of capital and interest began in April 2023 after a term of interest-only payments which was previously agreed with LB of Tower Hamlets.

19 Retirement benefit schemes
2026 2025
Defined contribution schemes £ £
Charge to profit or loss in respect of defined contribution schemes 3,496 2,784

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

THE OXFORD HOUSE IN BETHNAL GREEN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026

20 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 April 2025 At 1 April 2025 Incoming Resources At 31 March At 31 March
resources expended 2026
£ £ £ £
- - - -
NLHF (Made in The East End) - 100,590 (100,590) -
Fordham Supervision - 1,600 (1,600) -
- 102,190 (102,190) -
Previous year: At 1 April 2024 Incoming Resources At 31 March
resources expended 2025
£ £ £ £
- - - -
NLHF (Made in The East End) - 2,868 (2,868) -
NLHF (Through the Lens) - 78,018 (78,018) -
LB Tower Hamlets Carbon Reduction - 15,000 (15,000) -
- 95,886 (95,886) -

National Lottery Heritage Fund (NLHF) - ‘Made in the East End’ is a two year project to deliver inspiring heritage projects focused on four themes: British Somali Heritage Programme with artist residencies; Community Curators Programme to co-curate three heritage exhibitions; East End Textile Heritage including a community banner-making project and Working-Class Writing includes writing workshops for 90 pupils and publication of new anthology of writing

National Lottery Heritage Fund (NLHF) - ‘Through the Lens’ was a two-year project exploring Oxford House’s diverse post-war history through the experiences of three local communities: women, young people, and the Somali community

LB Tower Hamlets Carbon Reduction - Greening the House' project to install LED lighting to reduce electricity consumption and carbon emissions.

Fordham Supervision - For hosting Fordham University social work placement student and providing support, supervision and professional development.

THE OXFORD HOUSE IN BETHNAL GREEN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026

21 Unrestricted funds - Designated

These are designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

At 1
Fixed asset fund
Previous year:
At 1
Fixed asset fund		 April 2025
£
3,290,006
April 2024
£
3,251,919		 Transfers
At 31 March
2026
£
£
42,017
3,332,023
Transfers
At 31 March
2025
£
£
38,087
3,290,006

The fixed asset fund represents the land, buildings and improvement to property assets, which are required to be held in running the day to day activities of the charity but are not readily available as cash to support the activities.

22 Analysis of net assets between funds

Unrestricted
Unrestricted
funds
funds
general
Designated
2026
2026
£
£
At 31 March 2026:
Tangible assets
40,374
3,942,885
Current assets/(liabilities)
(15,377)
-
Long term liabilities
20,449
(610,862)
45,446
3,332,023
Unrestricted
Unrestricted
funds
funds
general
Designated
2025
2025
£
£
At 31 March 2025:
Tangible assets
51,668
3,940,415
Current assets/(liabilities)
46,726
(39,543)
Long term liabilities
(23,352)
(610,866)
75,042
3,290,006		 Total
2026
£
3,983,259
(15,377)
(590,413)
3,377,469
Total
2025
£
3,992,083
7,183
(634,218)
3,365,048

THE OXFORD HOUSE IN BETHNAL GREEN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026

23 Contingent liabilities

The land and Buildings of The Oxford House at Bethnal Green are subject to two charges to secure the loan provided in August 2008, to carry out improvements to the building. The charges are held by;

1) The Trustees of the National Heritage Memorial Fund

2) The Mayor and Burgesses of London Borough of Tower Hamlets

These charges state that the Trustees of The Oxford House at Bethnal Green cannot dispose of, change use or make significant alterations without prior approval from the above parties.

The trustees are also required to repair, maintain and insure the property as requested by the above parties.

24 Related party transactions

The charity Oxford House Development Trust is a connected charity. There were no receipts or payments between Oxford House in Bethnal Green and this connected charity during the year (2024:£nil).

Jane Earl is a trustee of Maslaha (resident company who rent office space in Oxford House) and membership secretary of Tower Hamlets U3a (who hire space for activities), Linda Kaur is the owner of a property adjoining Oxford House: and Jeremy Lee is the co-director of Forest Ventures Limited (resident company who rent office space in Oxford House).

25 Non-audit services provided by auditor

In common with many businesses of our size and nature we use our auditor with the preparation of the financial statements.

26 Cash generated from operations 2026 2025
£ £
Surplus for the year 12,421 61,277
Adjustments for:
Investment income recognised in statement of financial activities - -
Depreciation and impairment of tangible fixed assets 14,213 12,059
Movements in working capital:
(Increase) in stocks (133) (415)
Decrease in debtors 2,709 14,687
(Decrease)/increase in creditors (88,565) 96,701
Cash (absorbed by)/generated from operations (59,355) 184,309
Difference (454,778) (467,972)
Per cash flow statement page (514,133) (283,663)
The fall in creditors is due to deferred income being spent in the year.

THE OXFORD HOUSE IN BETHNAL GREEN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

27 Analysis of changes in net (debt)/funds
At 1 April 2025 Cash flows At 31 March 2026
£ £ £
Cash at bank and in hand 240,069 (104,383) 135,686
Loans falling due within one year (39,538) (1,566) (41,104)
Loans falling due after more than one year (610,963) 41,205 (569,758)
(410,432) (64,744) (475,176)